Wells Fargo AM unveils climate transition credit strategy

Aims to decarbonise portfolios by 2050

Wells Fargo Asset Management (WFAM) has launched its Climate Transition Global Investment Grade Credit strategy to help investors achieve their climate and financial goals, with a focus on supporting the climate transition and the decarbonisation of the economy.

The strategy will be managed by WFAM's global fixed income team, led by Scott Smith, head of multi-sector investment grade, and Henrietta Pacquement, head of investment grade credit, Europe, who are supported by a team of more than 70 fixed income research analysts. It combines meeting "typical financial objectives" for active fixed income investing with a specific set of climate goals and utilises an exclusionary and engagement policy to select firms "best placed and prepared" for a net zero future. The new strategy, which seeks to outperform its Bloomberg Barclays Global Aggregate C...